Senior Housing Properties Trust (NASDAQ:SNH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Zacks.com reports. The firm presently has a $9.75 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 8.45% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BidaskClub upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.35.

Shares of NASDAQ:SNH opened at $8.99 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.55 and a current ratio of 2.41. The company has a market cap of $2.08 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 1.62 and a beta of 0.65. Senior Housing Properties Trust has a 52 week low of $7.49 and a 52 week high of $19.17. The firm has a 50 day simple moving average of $8.44 and a 200 day simple moving average of $9.72.

Senior Housing Properties Trust (NASDAQ:SNH) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Senior Housing Properties Trust had a negative net margin of 7.31% and a negative return on equity of 4.45%. The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $256.11 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. On average, equities analysts predict that Senior Housing Properties Trust will post 1.35 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in SNH. BlackRock Inc. increased its stake in shares of Senior Housing Properties Trust by 8.7% during the 2nd quarter. BlackRock Inc. now owns 30,943,730 shares of the real estate investment trust’s stock worth $255,906,000 after purchasing an additional 2,467,902 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Senior Housing Properties Trust during the 2nd quarter worth $15,341,000. Parametric Portfolio Associates LLC increased its stake in shares of Senior Housing Properties Trust by 59.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,159,190 shares of the real estate investment trust’s stock worth $17,857,000 after purchasing an additional 807,840 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Senior Housing Properties Trust by 21.8% during the 2nd quarter. Prudential Financial Inc. now owns 4,260,516 shares of the real estate investment trust’s stock worth $35,235,000 after purchasing an additional 761,872 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Senior Housing Properties Trust by 16.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,963,444 shares of the real estate investment trust’s stock worth $41,048,000 after purchasing an additional 717,738 shares during the last quarter. Institutional investors own 70.06% of the company’s stock.

Senior Housing Properties Trust Company Profile

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.